More class action law firms have pounced on Downer EDI’s “accounting irregularities” that led to the company overstating profits by up to $40 million.
PricewaterhouseCoopers has appointed former Telstra CEO Ziggy Switkowski to investigate the tax leaks scandal that has engulfed the firm.
Crown Resorts has reached agreement on a proposed penalty in AUSTRAC’s case alleging “widespread and serious non-compliance” with anti-money laundering and counter terrorism financing laws, but the presiding judge says more information is needed for the court to fix a fine.
IG Markets has been hit with a class action on behalf of up to 20,000 everyday investors who have allegedly lost hundreds of millions of dollars trading in risky financial products known as contracts for difference, or CFDs.
Cruise operator Carnival is facing a third class action in Australia, this time on behalf of passengers aboard P&O’s Pacific Aria, which sailed from Brisbane into the path of a Category 5 cyclone six years ago.
Telstra and TPG have asked the Competition Tribunal to undo the ACCC’s rejection of their proposed regional network sharing agreement, but fellow telco Optus has warned the deal would kneecap its ability to compete.
A judge has questioned an “unusual” bid by Noumi to shield over 3,000 documents, their titles and the identities of those who sent them to PricewaterhouseCoopers during a 2020 investigation into the food company’s financial position.
Private health insurer Medibank has been served with a second class action over a data breach exposing the personal details of 10 million customers.
The Australian Competition and Consumer Commission has put the brakes on a cooperation agreement between Virgin Australia and Alliance Airlines for fly-in fly-out customers, citing concerns about increased prices and reduced services.
Virgin Australia has won its opposition to rival Regional Express’ bid to trade mark ‘Economy X’, with an IP Australia delegate finding Virgin had an earlier claim to ownership of an identical mark.